What’s going on with USDCHF?
Those of you that are trend followers are probably eagerly watching USDCHF to see if its latest 2.15% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 16 days move.
Will AUDJPY have enough momentum to break resistance?
AUDJPY is heading towards the resistance line of a Triangle and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could […]
GBPUSD is on its way up
GBPUSD has experienced an exceptionally large movement higher by 1.07% from 1.298 to 1.314 in the last 22 hours.
EURCHF experienced an exceptionally large movement
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 0.74% move on EURCHF. The movement has happened over the last 12 hours. For those trend followers among you, you may think about riding this possible trend.
Breach of important price line imminent by USDCHF
USDCHF is moving towards a line of 0.9348 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If USDCHF continues in its current trajectory, we […]
Possible breach of resistance level by AUDJPY
AUDJPY is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If AUDJPY continues in its current trajectory, we could see it […]
Huge bearish move on EURUSD
EURUSD has moved lower by 0.64% from 1.086 to 1.083 in the last 9 hours.
Will GBPUSD have enough momentum to break support?
GBPUSD is heading towards the support line of a Channel Down and could reach this point within the next 10 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
Possible breach of support level by USDJPY
USDJPY is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If USDJPY continues in its current trajectory, we could see it […]
Either a rebound or a breakout imminent on EURCHF
EURCHF is heading towards the support line of a Channel Down. If this movement continues, the price of EURCHF could test 1.0122 within the next 6 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.